Property Details
About this Property
10961 Rose is located on the best street in all of Palms. Rose is a primarily residential area of Palms that does not have many apartment buildings. Quiet and beautiful, this area is the single best spot to own in the 90034 zip code. The Rose Apartments are coming to the market for the first time in over 30 years. A beautiful asset with oversized units. The units are currently rented well under market and a buyer can achieve over 57% upside on this asset just by increasing the current rents. A value-add investor may build 2 attached ADU's on the site as well to further increase the income over 100%. We are delivering the property at a very attractive 5.24% cap rate and 11.89 GRM. The property is also being delivered well under market at only $313 a foot. Some of these oversized units have large dens that can be converted to bedrooms to further increase the upside. The property has had its soft story retro fit completed and is well parked with 9 individual spaces + 3 extra tandem spaces on-site for a total of 12 parking. This is a prime asset in an A+ location of LA being delivered under market with tremendous upside!
MLS Listing Information
MLS #
CRSB25107742
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 9 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
10961 Rose Ave is a Residential Income in Los Angeles, CA 90034. This – square foot property sits on a 8,169 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,950,000 and was built in 1968. This address can also be written as 10961 Rose Ave, Los Angeles, CA 90034.
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This listing information is up-to-date as of September 26, 2025. For the most current information, please contact Cameron Samimi
